If the RBI increases the FRR or PLR then the first to apply this to existing customers is ICICI. But when RBI reduced this rate 3 times during recent months, ICICI will not act on the existing customers. This is a public fraud, why government and RBI is not acting on this. The bank knows that it is diffcult for the customer either to repay or shift to another bank, because that also involves some charges.
If the customer is not followed all the rules then they banks are following all legal and illegal paths to get their money from ordinary middle class citizens. But what about the corporates not following.
I dont think RBI and Government is not aware of this. They know it and will not act. Because these stupid people always work for the corporates and not for the customers.
RBI changed the interest rates not for the customers. Because the companies not able to survive, it is acting. It will never act if the middle class not able to survive. This is what INDIA and it will be like that only.
0 comments